Monday, 20 May 2024
Trending

Investing

Cooper Standard Reports on Sustainability Progress, Sets New ESG Goals in Latest Corporate Responsibility Report By Investing.com

MBIA Inc. Reports First Quarter 2024 Financial Results By Investing.com


NORTHVILLE, Mich., May 15, 2024 /PRNewswire/ — As Cooper Standard (NYSE: CPS) strategically incorporates sustainability throughout the Company and its business activities, it regularly reports on its environmental, social and governance (ESG) initiatives. In its 2023 Corporate Responsibility Report (CRR), titled “Commitment to Excellence,” Cooper Standard provides updates on key sustainability targets, initiatives and ambitions.

“Our commitment to ESG strengthens our team, partnerships and business, which are all vital for attracting talent, maintaining a robust supply base and developing innovative, cost-effective solutions,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Despite ongoing industry changes, we persist in growing stronger and focusing on drivers of long-term value creation, aligned with our purpose of Creating Sustainable Solutions Together.”

In 2023, Cooper Standard set new goals for certain topics that embrace how the Company is evolving for a new future. Through a goal-review exercise, the Company evaluated its successes, challenges and the relevance of previously stated goals, ultimately resulting in a shift in how it measures and evaluates performance in some key areas. Through this process, Cooper Standard created new goals that are taking effect in 2024 and are guiding the Company in the coming years.

Cooper Standard regularly conducts materiality assessments to ensure the Company is managing and reporting on the sustainability issues most important to the industry and its stakeholders. The most recent materiality assessment identified seven clear priorities that are critical to the Company’s sustainability efforts, which include its financial goal of achieving and sustaining double-digit adjusted EBITDA margins and returns on invested capital.

The Company’s 2023 “Commitment to Excellence” report discusses these priorities, that include:

  • Business Ethics & Integrity: maintaining a world-class reputation for conducting honest, ethical and responsible business practices;
  • Climate Change: reducing the Company’s impact on the environment and taking action to manage climate risks;
  • Diversity, Inclusion and Belonging: fostering and maintaining a culture that supports and promotes diversity, inclusion and belonging;
  • Employee Engagement & Talent Development: achieving world-class performance in talent strategy by creating an inclusive and supportive environment to retain and attract the best talent;
  • Energy & Emissions: reducing the…

Click Here to Read the Full Original Article at All News…